Use the figure below: If good skiing costs $100 per day and horseback riding costs $50 per day, if you have $250 to spend how many days of skiing could you do?

A. 1 day
B. 2 days
C. 3 days
D. 0 days


Answer: B

Economics

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Suppose that a new drug has been approved to treat a life-threatening disease. The demand for that drug is shown on the graph below. Prior to approval of this drug, the only treatment for this condition was any one of several non-prescription, or over-the-counter, pain relievers. The demand for one brand of the several non-prescription pain relievers is also shown on the graph.  The manufacturer of the over-the-counter pain reliever would ________ total revenue by increasing the price from $15 to $16.

A. experience an uncertain change in B. experience no change in C. increase D. decrease

Economics

The money demand curve will shift to the right if:

A. ATM machines are introduced. B. real income increases. C. the nominal interest rate increases. D. the price level decreases.

Economics

Refer to the scenario above. Which of the following will happen if Sarah opens a day care facility and takes care of 5 children, in addition to her son, charging $12,000 per year for each child?

A) The country's trade deficit will increase by $2,400. B) The country's trade surplus will increase by $12,000. C) The country's GDP will decrease by $12,000. D) The country's GDP will increase by $60,000.

Economics

What are the two largest sources of tax revenues for the U.S. federal government?

What will be an ideal response?

Economics